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Gold prices rose Rs 85 to Rs 28,135 per ten grams at the futures trading today as speculators enlarged their positions, taking positive cues from overseas market.
On the Multi Commodity Exchange, gold for delivery in June rose Rs 85 or 0.3 per cent to Rs 28,135 per ten grams in a business turnover of 283 lots.
Similarly, the yellow metal for delivery in August moved up by Rs 82 or 0.3 per cent to Rs 27,800 per ten grams in seven lots.
Market analysts said speculators enlarged their positions on the back of a firm global trend as recent retreat boosted speculation that physical demand will strengthen. This mainly led to a rise in gold prices at the futures trade.
Meanwhile, gold traded higher at $1,292.07 an ounce in Singapore today against $1,289.90 yesterday.
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